| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Efficiency under a Combination of Ordinal and Cardinal Information on Preferences |
| Stergios Athanassoglou
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| 发表日期 | 2011
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2011
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| 语种 | 英语
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| 摘要 | Consider a collection of m indivisible objects to be allocated to n agents, where m ≥ n. Each agent falls in one of two distinct categories: either he (a) has a complete ordinal ranking over the set of individual objects, or (b) has a set of “plausible” benchmark von Neumann-Morgenstern (vNM) utility functions in whose non-negative span his “true” utility is known to lie. An allocation is undominated if there does not exist a preference-compatible profile of vNM utilities at which it is Pareto dominated by another feasible allocation. Given an undominated allocation, we use the tools of linear duality theory to construct a profile of vNM utilities at which it is ex-ante welfare maximizing. A finite set of preference-compatible vNM utility profiles is exhibited such that every undominated allocation is ex-ante welfare maximizing with respect to at least one of them. Given an arbitrary allocation, we provide an interpretation of the constructed vNM utilities as subgradients of a function which measures worst-case domination.
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Suggested citation: Stergios Athanassoglou, Efficiency under a combination of ordinal and cardinal information on preferences, Journal of Mathematical Economics, Volume 47, Issue 2, March 2011, Pages 180-185, ISSN 0304-4068, http://dx.doi.org/10.1016/j.jmateco.2011.02.001 |
| 特色分类 | C61;D01;D60
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| 关键词 | Random Assignment
Efficiency
Duality
Linear Programming
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/efficiency-under-a-combination-of-ordinal-and-cardinal-information-on-preferences/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117953
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Stergios Athanassoglou. Efficiency under a Combination of Ordinal and Cardinal Information on Preferences. 2011.
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